| Product |
Minimum Opening Deposit
|
Interest Earned
|
Monthly Activity
|
Monthly Maintenance Fee
|
|
Savings
|
$100 |
Compounded daily and paid to your account quarterly. Variable tiered-interest rates get higher as your balances grow. |
Unlimited deposits, limited withdrawals, and transfers. (1) |
$3 Fee is waived with a daily balance of $500. |
|
Insured Money Market
|
$2,500 |
Compounded daily and paid to your account quarterly. Variable tiered-interest rates get higher as your balances grow. |
Unlimited deposits, limited withdrawals, and transfers. (1) Up to six third-party fund transfers per month (three can be by check). |
$15 Fee is waived with a daily balance of $5,000. |
|
Certificates of Deposit
|
$500 |
Fixed interest rate, compounded daily and paid monthly, quarterly, at maturity, or at least annually. |
None |
None |
*See details and disclosures by clicking on type of account.
Account terms and conditions disclosure
(1) Federal Regulation D requires banks to limit the way withdrawals may be made from a savings account. Preauthorized withdrawals (transfers by phone, wire or personal computer, overdraft protection, automatic payment, check) are limited to a combined total of six per account cycle. There is a $15 fee for each preauthorized withdrawal in excess of these limits. If withdrawal limitations are exceeded three times in twelve cycles the account will be closed or converted to a checking account.
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